WGC CEO Predicts Bitcoin Will Go to Zero Amid Rising Gold Prices

David Tait, CEO of the World Gold Council, made some striking comments about Bitcoin at Consensus Miami. He stated that his personal opinion is that Bitcoin will go to zero. However, he emphasized the importance of portfolio diversification, saying 'My opinion is purely a personal intuition. However, someone who has gold in their portfolio should also have Bitcoin, and someone who holds Bitcoin should definitely have gold.' This is because these two assets balance each other out during times of crisis.

Tait noted that the increases in gold prices are due to massive public debt rather than temporary factors such as wars, interest rates, or tariffs. He highlighted the US debt burden, which has reached $39 trillion. When asked about Bitcoin being called 'digital gold', Tait responded with his personal opinion: 'My personal opinion is that Bitcoin will go to zero.'

Binance founder CZ commented on Tait's statement, saying that many people have made incorrect judgments about cryptocurrencies in the past, but understanding this field takes time. He added that he cannot be 100% sure he is right, as everyone is human.